Candriam S.C.A. Buys 7,394 Shares of EnerSys (NYSE:ENS)

Candriam S.C.A. raised its position in shares of EnerSys (NYSE:ENS - Free Report) by 37.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,930 shares of the industrial products company's stock after buying an additional 7,394 shares during the quarter. Candriam S.C.A. owned 0.07% of EnerSys worth $2,489,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in EnerSys during the fourth quarter valued at $47,000. Millburn Ridgefield Corp purchased a new position in EnerSys during the 3rd quarter valued at about $88,000. Proficio Capital Partners LLC acquired a new position in shares of EnerSys in the 4th quarter valued at about $105,000. Parkside Financial Bank & Trust lifted its position in shares of EnerSys by 110.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock worth $120,000 after purchasing an additional 678 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of EnerSys during the third quarter worth approximately $125,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

EnerSys Stock Down 2.2 %

Shares of ENS stock traded down $2.07 on Thursday, hitting $93.88. The company's stock had a trading volume of 400,381 shares, compared to its average volume of 255,280. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 0.57 and a beta of 1.18. EnerSys has a fifty-two week low of $88.50 and a fifty-two week high of $112.53. The firm's fifty day moving average price is $97.90 and its 200-day moving average price is $97.86. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00.

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EnerSys (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. Research analysts anticipate that EnerSys will post 9.99 EPS for the current year.

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.02%. EnerSys's dividend payout ratio (DPR) is presently 11.88%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Oppenheimer upgraded shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a research note on Friday, January 17th. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $117.50.

EnerSys Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.